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Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Selected Financial Data by Reportable Segment

The following is selected financial data for the Company’s reportable segments for the periods indicated (in thousands):

			Three Months Ended June 30, 2025
			Payment Software						Biller						Total
Revenue			$	179,343					$	221,915					$	401,258
Less:
Interchange (a)			—						151,063						151,063
Global technology and innovation (b)			65,177						12,002						77,179
Other segment items (c)			30,888						19,065						49,953
Segment Adjusted EBITDA			$	83,278					$	39,785					$	123,063
Reconciliation of income before income taxes
Depreciation and amortization															(24,101)
Stock-based compensation expense															(16,411)
Corporate and unallocated expenses															(47,693)
Interest, net															(10,593)
Other, net															(6,393)
Income before income taxes															$	17,872
			Three Months Ended June 30, 2024
			Payment Software						Biller						Total
Revenue			$	181,666					$	191,813					$	373,479
Less:
Interchange (a)			—						124,200						124,200
Global technology and innovation (b)			58,121						11,803						69,924
Other segment items (c)			28,958						18,375						47,333
Segment Adjusted EBITDA			$	94,587					$	37,435					$	132,022
Reconciliation of income before income taxes
Depreciation and amortization															(27,586)
Stock-based compensation expense															(10,720)
Corporate and unallocated expenses															(40,015)
Interest, net															(14,518)
Other, net															1,156
Income before income taxes															$	40,339

			Six months ended June 30, 2025
			Payment Software						Biller						Total
Revenue			$	380,068					$	415,755					$	795,823
Less:
Interchange (a)			—						281,891						281,891
Global technology and innovation (b)			129,844						25,238						155,082
Other segment items (c)			60,385						37,946						98,331
Segment Adjusted EBITDA			$	189,839					$	70,680					$	260,519
Reconciliation of income before income taxes
Depreciation and amortization															(48,086)
Stock-based compensation expense															(28,038)
Corporate and unallocated expenses															(91,021)
Interest, net															(21,212)
Other, net															17,347
Income before income taxes															$	89,509
			Six months ended June 30, 2024
			Payment Software						Biller						Total
Revenue			$	322,823					$	366,675					$	689,498
Less:
Interchange (a)			—						236,594						236,594
Global technology and innovation (b)			118,553						23,786						142,339
Other segment items (c)			57,394						38,123						95,517
Segment Adjusted EBITDA			$	146,876					$	68,172					$	215,048
Reconciliation of income before income taxes
Depreciation and amortization															(55,195)
Stock-based compensation expense															(18,819)
Corporate and unallocated expenses															(77,773)
Interest, net															(29,519)
Other, net															(869)
Income before income taxes															$	32,873

(a) Interchange – Interchange costs include all payment card interchange fees, amounts payable to banks, and payment card processing fees associated with providing services to Biller customers.

(b) Global Technology & Innovation – (“GTI”) costs include the costs of maintaining software products, as well as the costs required to deliver, install, and support software at customer sites. It also includes maintenance costs, which are the efforts associated with providing the customer with upgrades, 24-hour help desk, post go-live (remote) support, and production-type support for software that was previously installed at a customer location. GTI includes costs to provide SaaS and PaaS services including our data center operations. Service costs including human resource and other incidental costs such as travel and training required for both pre go-live and post go-live support. Such efforts include project management, delivery, product customization and implementation, installation support, consulting, configuration, and on-site support. GTI also includes research and development expenses which are primarily human resource costs related to the creation of new products, improvements made to existing products, as well as compatibility with new operating system releases and generations of hardware.

(c) Other segment items – other includes selling and marketing, product management, third-party royalties and other cost of goods sold excluding interchange. Selling and marketing costs, which are the costs related to selling our products to current and prospective customers as well as the costs related to promoting the Company, its products and the research efforts required to measure customers’ future needs and satisfaction levels. Selling costs are primarily the human resource and travel costs related to the effort expended to license our products and services to current and potential clients within defined territories and/or industries as well as the management of the overall relationship with customer accounts. Selling costs also include the costs associated with assisting distributors in their efforts to sell our products and services in their respective local markets. Product management costs are primarily the human resource costs related to developing and documenting our product requirements.

Assets are not allocated to segments, and the Company’s CODM does not evaluate operating segments using discrete asset information.

Schedule of Revenue by Primary Solution Category for Reportable Segments

The following is revenue by primary solution category for the Company’s reportable segments for the periods indicated (in thousands):

			Three Months Ended June 30, 2025
			Payment Software						Biller						Total
Primary Solution Categories
Bill Payments			$	—					$	221,915					$	221,915
Merchant Payments			39,655												39,655
Fraud Management			15,161						—						15,161
Real-Time Payments			39,471						—						39,471
Issuing and Acquiring			85,056						—						85,056
Total			$	179,343					$	221,915					$	401,258
			Three Months Ended June 30, 2024
			Payment Software						Biller						Total
Primary Solution Categories
Bill Payments			$	—					$	191,813					$	191,813
Merchant Payments			38,017												38,017
Fraud Management			9,187						—						9,187
Real-Time Payments			26,429						—						26,429
Issuing and Acquiring			108,033						—						108,033
Total			$	181,666					$	191,813					$	373,479
			Six Months Ended June 30, 2025
			Payment Software						Biller						Total
Primary Solution Categories
Bill Payments			$	—					$	415,755					$	415,755
Merchant Payments			77,314												77,314
Fraud Management			24,735						—						24,735
Real-Time Payments			65,209						—						65,209
Issuing and Acquiring			212,810						—						212,810
Total			$	380,068					$	415,755					$	795,823
			Six Months Ended June 30, 2024
			Payment Software						Biller						Total
Primary Solution Categories
Bill Payments			$	—					$	366,675					$	366,675
Merchant Payments			73,745												73,745
Fraud Management			20,694						—						20,694
Real-Time Payments			51,177						—						51,177
Issuing and Acquiring			177,207						—						177,207
Total			$	322,823					$	366,675					$	689,498

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Payment Software
Software as a service and platform as a service			$	49,343					$	43,586					$	92,586					$	84,456
License			56,711						65,582						141,204						95,555
Maintenance			50,421						48,733						99,063						96,487
Services			22,868						23,765						47,215						46,325
Total			$	179,343					$	181,666					$	380,068					$	322,823
Biller
Software as a service and platform as a service			$	221,915					$	191,813					$	415,755					$	366,675
Total			$	221,915					$	191,813					$	415,755					$	366,675

Schedule of Revenue by Geographic Location

The following is the Company's revenue by geographic location for the periods indicated (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2025						2024						2025						2024
Revenue
United States			$	275,855					$	229,543					$	512,609					$	457,650
Other			125,403						143,936						283,214						231,848
Total			$	401,258					$	373,479					$	795,823					$	689,498

Schedule of Long-lived Assets by Geographic Location

The following is the Company’s long-lived assets by geographic location for the periods indicated (in thousands):

			June 30, 2025						December 31, 2024
Long-lived Assets
United States			$	1,142,064					$	1,169,965
Other			770,638						791,793
Total			$	1,912,702					$	1,961,758

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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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